Gene Munster Says Elon Musk's DOGE Efficiency Plans Should Not Be Underestimated, But Warns 'It'll Likely Take Many Years' To Achieve $2 Trillion In Government Spending Cuts

Deepwater Asset Management’s managing partner Gene Munster has supported Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk’s new role in President-elect Donald Trump’s administration.

What Happened: On Wednesday, Munster took to X, formerly Twitter, and advised critics not to underestimate Musk.

“It takes longer for Elon’s visions to become reality,” he stated, adding, “It’ll likely take many years for Musk’s plans to result in a $2T reduction in government spend.”

See Also: Elon Musk’s Mom Knew He Was A ‘Genius’ By 3 Years Old But Worried He’d ‘End Up In A Basement’ – Now He’s The Richest Man In The World

Munster also said that the Tesla CEO operates under “first principles,” and he expects Musk to propose numerous ways to improve government operations in the coming months.

His final advice to those skeptical about Musk’s role in government was simple: “Don’t bet against Elon.”